Economics B A-Level
Secured loans
What Secured loans means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Secured loans
Check what you remember
Read the wording for your board, then hide it and explain Secured loans in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Loans backed by collateral, such as a mortgage secured against a house, which typically have lower interest rates than unsecured loans.
Topics that use Secured loans
- Role of banks in the economy (Pearson Edexcel A-Level)
Related terms
- Business investment
- Collateral
- Consumer spending
- Credit provision
- Economic growth
- Financial intermediation
- Interest rates
- Saving
Using Secured loans in the exam
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